July 21, 2017 | Palo Alto, California: MetricStream, a market leader in Governance, Risk, and Compliance (GRC) apps and solutions, announced today that the company has been positioned in the “Leaders” Quadrant of the 12 July 2017 Gartner Magic Quadrant for Business Continuity Management Program Solutions, Worldwide authored by Gartner analysts Roberta J. Witty and Mark Thomas Jaggers.
As organizations continue to grow and expand their businesses and supply chains around the world, business continuity has become a critical area of focus for senior management and the board. Incidents can have an immediate impact with lasting effects across the organization and extended ecosystem; therefore high performing organizations need an integrated oversight and management solution that aligns business continuity with the organization’s broader enterprise governance, risk management, compliance, and vendor risk management programs. In the era of cloud and mobility, enterprises are looking to build more robust business continuity management programs that can provide critical response information to users anytime, anywhere and enable crisis managers to coordinate crisis recovery processes in a seamless manner across geographies and business units.
According to the report, “The 2017 BCMP solutions market — with an estimated $300 million global market revenue — has broadened its IT disaster recovery management, crisis management and risk management capabilities since 2016.” The report continued, “Organizations need a consistent and repeatable process for all aspects of BCM program development and execution. With the growing focus on resilience in day-to-day business operations — rather than on out-of-band response and recovery activities only — BCM programs need to demonstrate maturity, status and effectiveness on an ongoing basis, not just once a year.”
MetricStream believes that the report recognizes the company as a leader for its responsive and intuitive design, reporting capabilities, Tableau based visualizations, sophisticated dependency mapping functionality, and platform agnostic mobile app and cloud based deployment capabilities across geographies. With MetricStream's latest innovations in platform architecture through M7, its leading GRC cloud, and FastTrack implementation methodology, customers can accelerate time to value and simplify BCM processes.
MetricStream is committed to providing customers with BCM at a low total cost of ownership, and increasing the business value by aligning BCM with other risk and compliance programs. Additionally, BCM program success is further achieved through MetricStream’s GRC Journey methodology, which helps customers create a blueprint for success by distilling best practices, insights, and experiences from other successful customers, as well as MetricStream Special Interest Groups (mSIGs) which are forums for customers to share feedback that drives MetricStream’s product roadmap.
"We are pleased to be positioned as a Leader in Gartner's 2017 Magic Quadrant for Business Continuity Management Program Solutions, Worldwide,” said Gaurav Kapoor, Chief Operating Officer at MetricStream. He continued, “We believe this recognition as a leader illustrates our industry trendsetting innovations and ongoing commitment to the market. More and more of our customers are recognizing BCM’s important role in business resiliency, risk, IT and security, and compliance programs. As MetricStream continues on its growth path as the leading independent GRC company in the world, our focus is on enabling our customers to achieve superior business performance through BCM and other GRC apps that are simple, integrated, and pervasive across the organization and extended ecosystem.”
To access a complimentary copy of the Gartner Magic Quadrant for Business Continuity Management Program Solutions, Worldwide, please click here.
About the Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.